Message #7 From:
NewsBot Date: April 19, 2008 09:25:52 AM
Yellowcake Mining Inc.: Drilling Program Arranged for Uravan-Beck Uranium Targets
Yellowcake Mining Inc.: Drilling Program Arranged for Uravan-Beck Uranium Targets
Yellowcake Mining Inc. (OTCBB: YCKM) has selected Stewart Brothers
Drilling, Milan, New Mexico, to execute the Phase One drilling program
at our Uravan-Beck uranium project on the Colorado Plateau. The program
consists of completion of over 20,000 feet of rotary drilling at ten
sites where significant uranium mineralization is indicated by the
presence of close-spaced drill holes which were completed during the
1970s and 1980s. Most drill targets are at shallow depths of less than
150 feet. Drilling will commence following receipt of the proper
governmental permits.
LEGAL NOTICE REGARDING FORWARD LOOKING STATEMENTS
Statements in this news release, that are not purely historical are
forward looking statements, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Forward looking
statements in this news release include that we will obtain drilling
permits from the State of Colorado; and that Stewart Brothers Drilling
will carry out the drilling program of over 20,000 feet. It is
important to note that the Company's actual outcomes may differ
materially from those statements contained in this press release.
Factors which may delay or prevent these forward looking statements
from being realized include misinterpretation of data, we may be unable
to comply with required conditions for drilling, or drilling may not be
permitted at all; that we may not be able to raise sufficient funds to
complete the payment obligations; that equipment may not perform as
anticipated; that weather, logistical problems or hazards prevent us
from exploration, development or from fulfilling our obligations; that
we may not be able to attract or retain key employees, contractors or
advisors in the current competitive environment; that results in any
particular holes are not necessarily indicative of larger areas of the
property; and that despite encouraging data there may be no
commercially exploitable mineralization on the properties based upon
the applicable world uranium prices and the quality or grade of the
resource. Readers should refer to the risk disclosures outlined in our
periodic reports filed on Edgar with the Securities and Exchange
Commission.
